ReinforcedPlastics says MSP Property Management & Development Company, a real estate developer and manager in the Caribbean, has agreed to buy modular homes for a housing project in Antigua from Innovative Composites International (ICI). As we last reported April 6, 2012, at MHProNews.com, ICI’s new Ecoscape plant in Orangeburg, SC …
Killam Properties Inc. announces in its first quarter 2012 results, net operating income (NOI) for its same store MHC registered 4.7% growth versus the same store apartment building that generated only 1.5% growth. Overall, funds from operations (FFO) rose from 0.145 per share in Q1 2011 to 0.151 per share …
Factory Homes, Ltd (FHL) in Hull, England has received the Q-Mark Certification by BM Trada, one of the toughest standards for construction products, and will begin producing modular homes with a low-carbon footprint to meet the need for affordable housing. Based on automobile manufacturing, the cutting-edge technology focuses on high …
The Rapid City Journal in South Dakota reports the Box Elder Planning and Zoning Commission wants developer Bob Akers to rethink his plans to replace the 125-site Wagon Wheel Village MHC with 166 modular homes spaced ten feet apart. Located just east of Rapid City, the local government has no …
BusinessReviewUSA informs us Moosic, PA-based Signature Building Systems, LLC is marking two milestones: Building its 4,000th custom modular home, and its 20th anniversary. CEO Victor DePhillips says, “The last four years have been difficult and we are thrilled to say we have made it through the storm and are currently …
UPI says Berkshire Hathaway Chairman Warren Buffett told stockholders gathered at the company’s annual meeting in Omaha his successor will have a sharp eye for profitable long-term investments, good negotiating skills at making large-scale deals to benefit the stockholders, while sticking to a solid investment strategy. Although share prices of …
In the near future you will be able to know when your children receive visitors to your home in Tennessee while you are on a cruise ship in the Mediterranean. Applying rapidly evolving technology to home building, Honda Motor Co. is evaluating two test homes in Japan that run on …
A segment on National Public Radio (NPR) highlights the problem MHC residents may face if the MHC owner decides to sell his community, causing residents to lose a home that may no longer be mobile, and thus their financial investment. Where some people may see this as a huge boulder …
MarketWatch says Beazer Homes USA, Inc., one of the ten largest single-family home builders in the nation, announced its entry into the home rental market on a large scale in select markets. Beazer has contributed almost 200 single-family homes in Phoenix and Las Vegas to a newly-formed real estate investment …
In its report of earnings for first quarter 2012, Drew Industries, Inc.’s manufactured housing division registered $3.1 million operating profit on sales of $28 million first quarter 2012, versus profit of $2.2 million on sales of $23 million for the same period 2011. The company marked an MH sales increase …
Zillow, Inc., the free online real estate site offering home listings, mortgage rates, and views of homes sold, notched total revenue of $22.8 million in first quarter 2012, 103% over the corresponding quarter a year ago. MarketWatch tells MHProNews.com this is the sixth consecutive quarter revenue growth quarter over quarter …
As follow-up to an article we published Feb. 17, 2012, The New York Times reports the first MEDCottage will be delivered this month to a family in Alexandria, Virginia. As an alternative to placing aging family members in a nursing home, this 12-by-24 bedroom-bathroom-kitchenette modular unit, designed to fit in …
TheSacramentoBee tells MHProNews.com Arts Way Scientific, Inc. of Armstrong, Iowa is supplying a research and teaching institution with 24 modular buildings that will comprise a 21,350 square foot research facility. With an anticipated installation date before the year’s end, the contract is valued at $8.7 million. Art’s Way Scientific, a …
CBRE Group, Inc., a far-reaching global player in the full-service real estate services industry, reports its first quarter 2012 revenues increased 14 percent over the same period 2011, $1.35 billion versus $1.2 billion. Net income was $45.9 million, $0.14 per diluted share for Q1 2012 compared to $40.6 million, or …
MarketWatch reports net sales for T.J.T., Inc. fell 24 percent for the second quarter ending March 31, 2012, resulting in a net loss of $286,000 for the quarter compared to a net loss of $296,000 for the same quarter a year ago. Net loss for the six months ending March …
As the energy and mining industries continue to expand in Canada, creating instant cities that last for 20-25 years and then disband, companies need to quickly get the project up and running while controlling costs, and government wants the economic impact/revenue without environmental upheaval. Instead of the old metal shelters, …
Modular Communities Spring Up to Accommodate Energy Workers Read More
MHProNews.com has learned from Reuters MH and RV community operator Sun Communities, Inc. reports net income for Quarter 1 2012 over Q1 2011 increased from $2.4 million to $5.4 million. Funds from Operations (FFO) rose from $18.8 million in the first quarter of 2011 to $25.7 million for the quarter …
Patrick Industries, Inc. of Elkhart, Indiana reports net sales for the first quarter of 2012 rose 47.8 percent over Q1 2011, to $102.7 million, reflecting a 36 percent increase from MH revenue and 57 percent rise from RV revenue. The company reports net income for Q1 2012 of five million, …
SeniorHousingNews states Equity Lifestyle Properties, Inc. (ELS) reports a drop in net income available for common shares for Q1 2012 of 34 percent, from $19 million Q1 2011 to $12.4 million this past quarter. Revenues increased for the first quarter of 2012 to 181.3 million compared to $135.1 million for …
SunHerald tells MHProNews.com a New Orleans firm has developed a structural steel-insulated paneled dwelling to house survivors of catastrophes. Designed with 22 solar panels so it can generate its own electricity, and with a water cachement system that can hold 6,000 gallons, the modular home can function independently of disaster-damaged …
